AAON (NASDAQ:AAON) CAO Sells $40,108.00 in Stock

AAON, Inc. (NASDAQ:AAON) CAO Rebecca Thompson sold 400 shares of the firm’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $100.27, for a total value of $40,108.00. Following the completion of the sale, the chief accounting officer directly owned 27,681 shares of the company’s stock, valued at $2,775,573.87. The trade was a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Rebecca Thompson also recently made the following trade(s):

• On Friday, April 24th, Rebecca Thompson sold 21,914 shares of AAON stock. The stock was sold at an average price of $100.21, for a total value of $2,196,001.94.
• On Thursday, April 23rd, Rebecca Thompson sold 7,292 shares of AAON stock. The stock was sold at an average price of $100.10, for a total value of $729,929.20.
• On Tuesday, April 21st, Rebecca Thompson sold 2,287 shares of AAON stock. The stock was sold at an average price of $100.11, for a total value of $228,951.57.

AAON Trading Down 1.0%

Shares of NASDAQ AAON traded down $0.91 during midday trading on Wednesday, hitting $87.17. The company’s stock had a trading volume of 81,238 shares, compared to its average volume of 904,038. The company has a current ratio of 2.63, a quick ratio of 1.84 and a debt-to-equity ratio of 0.45. The business’s 50 day moving average is $90.37 and its two-hundred day moving average is $90.88. AAON, Inc. has a 12-month low of $62.00 and a 12-month high of $116.04. The firm has a market cap of $7.11 billion, a P/E ratio of 66.99, a price-to-earnings-growth ratio of 2.86 and a beta of 1.20.

AAON (NASDAQ:AAON) last issued its quarterly earnings results on Monday, March 2nd. The construction company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.06). AAON had a return on equity of 13.13% and a net margin of 7.46%.The business had revenue of $424.22 million during the quarter, compared to analysts’ expectations of $374.10 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. The company’s quarterly revenue was up 42.5% compared to the same quarter last year. As a group, equities research analysts expect that AAON, Inc. will post 2 EPS for the current year.

AAON Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Wednesday, March 18th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Wednesday, March 18th. AAON’s dividend payout ratio is presently 30.77%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. William Blair restated an “outperform” rating on shares of AAON in a report on Monday, March 2nd. Oppenheimer restated an “outperform” rating and set a $118.00 price objective (up from $115.00) on shares of AAON in a report on Tuesday, March 3rd. DA Davidson restated a “buy” rating and set a $120.00 price objective on shares of AAON in a report on Tuesday, February 3rd. Weiss Ratings restated a “hold (c)” rating on shares of AAON in a report on Wednesday, January 21st. Finally, Wall Street Zen upgraded AAON from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $107.75.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its holdings in shares of AAON by 96.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 334 shares of the construction company’s stock valued at $25,000 after acquiring an additional 164 shares during the period. CBIZ Investment Advisory Services LLC acquired a new stake in shares of AAON in the 3rd quarter worth $26,000. Jones Financial Companies Lllp boosted its position in shares of AAON by 59.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 378 shares of the construction company’s stock worth $34,000 after purchasing an additional 141 shares in the last quarter. Summit Securities Group LLC acquired a new stake in shares of AAON in the 4th quarter worth $45,000. Finally, Danske Bank A S acquired a new stake in shares of AAON in the 3rd quarter worth $47,000. 70.81% of the stock is currently owned by hedge funds and other institutional investors.

About AAON

AAON, Inc (NASDAQ: AAON) is a U.S.-based designer and manufacturer of heating, ventilation and air conditioning (HVAC) equipment for commercial and industrial applications. The company’s product portfolio focuses on rooftop packaged units, water-source heat pumps, chillers and custom-engineered solutions that cater to a wide array of building types, from office complexes and schools to data centers and healthcare facilities.

AAON’s core offerings include rooftop units available in gas, electric and dual-fuel configurations, precision air-conditioning systems for temperature- and humidity-sensitive environments, and modular chillers suited for both indoor and outdoor installations.